DVXE vs. EIPX

Last updated Jun 5, 2026

DVXE (WEBs Energy XLE Defined Volatility ETF) and EIPX (FT Energy Income Partners Strategy ETF) are both Energy Equities funds. DVXE is passively managed, while EIPX is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. DVXE charges 0.89%/yr vs 0.95%/yr for EIPX.

Performance

DVXE vs. EIPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WEBs Energy XLE Defined Volatility ETF (DVXE) and FT Energy Income Partners Strategy ETF (EIPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVXE achieves a 44.86% return, which is significantly higher than EIPX's 22.72% return.

DVXE

• 1D: -0.08%
• 1M: -2.12%
• YTD: 44.86%
• 6M: 38.07%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EIPX

• 1D: 0.62%
• 1M: -1.66%
• YTD: 22.72%
• 6M: 19.76%
• 1Y: 32.68%
• 3Y*: 21.58%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVXE vs. EIPX - Yearly Performance Comparison

	2026 (YTD)	2025
DVXE WEBs Energy XLE Defined Volatility ETF	44.86%	4.49%
EIPX FT Energy Income Partners Strategy ETF	22.72%	3.96%

Correlation

The correlation between DVXE and EIPX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.81

Return for Risk

DVXE vs. EIPX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EIPX

EIPX Risk / Return Rank: 90
EIPX Sharpe Ratio Rank: 89
EIPX Sortino Ratio Rank: 90
EIPX Omega Ratio Rank: 85
EIPX Calmar Ratio Rank: 95
EIPX Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVXE vs. EIPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WEBs Energy XLE Defined Volatility ETF (DVXE) and FT Energy Income Partners Strategy ETF (EIPX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DVXE	EIPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.98	1.21	+0.77

Drawdowns

DVXE vs. EIPX - Drawdown Comparison

The maximum DVXE drawdown since its inception was -17.96%, which is greater than EIPX's maximum drawdown of -15.43%. Use the drawdown chart below to compare losses from any high point for DVXE and EIPX.

Drawdown Indicators

	DVXE	EIPX	Difference
Max Drawdown Largest peak-to-trough decline	-17.96%	-15.43%	-2.53%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.12%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.43%	—
Current Drawdown Current decline from peak	-12.06%	-1.98%	-10.08%
Average Drawdown Average peak-to-trough decline	-5.83%	-2.27%	-3.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.49%	—

Volatility

Volatility by Period

	DVXE	EIPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.44%	—
Volatility (1Y) Calculated over the trailing 1-year period	31.16%	11.14%	+20.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.16%	15.05%	+16.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.16%	15.05%	+16.11%

DVXE vs. EIPX - Expense Ratio Comparison

DVXE has a 0.89% expense ratio, which is lower than EIPX's 0.95% expense ratio.

Dividends

DVXE vs. EIPX - Dividend Comparison

DVXE has not paid dividends to shareholders, while EIPX's dividend yield for the trailing twelve months is around 2.66%.

Position	TTM	2025	2024	2023	2022
DVXE WEBs Energy XLE Defined Volatility ETF	0.00%	0.00%	0.00%	0.00%	0.00%
EIPX FT Energy Income Partners Strategy ETF	2.66%	3.23%	3.27%	3.48%	0.34%

Frequently Asked Questions

Can I hold both DVXE and EIPX in my portfolio?

DVXE and EIPX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVXE or EIPX?

On fees, DVXE is cheaper at 0.89% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVXE or EIPX?

DVXE is cheaper with a 0.89% expense ratio, compared with 0.95% for EIPX.

Which ETF pays a higher dividend yield, DVXE or EIPX?

EIPX has the higher dividend yield at 2.66%, compared with 0.00% for DVXE.

What is the main difference between DVXE and EIPX?

They also come from different issuers: WEBs and First Trust. Their fees differ too: 0.89% for DVXE and 0.95% for EIPX.